You might assume the Navy spends most of its weapons budget on its fleet of aircraft carriers, submarines, destroyers and other ships. But you would be wrong. The sea service spends most of its budget on aircraft—by a substantial margin.
An analysis by Govini, a data analytics company, shows that Navy spending on fixed-wing aircraft rose to $11.4 billion in 2015, with spending on combat ships and landing vessels coming in at $8.8 billion during the same period. Govini has formed a data sharing partnership with Government Executive Media Group; earlier this month Govini and GEMG released the 2016 Federal Scorecard, an annual ranking of government contractors based on more than 6,000 data points.
The Navy, which is the top-spending federal agency, has been spending more on aircraft than ships in recent years, but the gap grew significantly in 2015. Company analysts estimate the pattern will continue through 2018.
Keep reading this article at: http://www.govexec.com/defense/2016/04/if-you-think-navy-spends-most-its-procurement-budget-ships-think-again/127848
We’re part of a larger team that focuses on government affairs professionals — the companies, associations and lobbyists trying to influence government action and the Hill staff and federal agencies who make it happen. Our day-to-day activities center mostly around these clients and the type of work they do.
Our work also helps Bloomberg Government’s other client base — the community of government contractors trying to find and win business with the federal government. Those clients are focused primarily on business development, capture and proposal activities — securing their current work and pounding the pavement to land future work.
Keep reading this article at: http://about.bgov.com/blog/why-you-cant-understand-federal-contracting-without-understanding-legislation/
The coming year in the federal contracting market highlights an interesting tension between the opportunities that new technology and big data bring, and the challenges of budget uncertainty and industry consolidation.
Big data and cybersecurity are fundamentally changing the way both agencies and contractors do business.
The landscape is further complicated by agency use of Lowest Priced Technically Acceptable awards and unprecedented merger and acquisition activity.
Cybersecurity spending will continue to climb, but in other areas, Govini predicts continued downward pressure on pure services businesses. [Editor’s Note: Govini is a business intelligence firm that provides a database of government spending and proprietary analytics to companies that sell to the public sector.]
Keep reading this article at: http://www.govexec.com/excellence/promising-practices/2016/01/big-trends-federal-contracting-2016/125230
According to a new report from Deltek, federal information security spending is projected to increase over 5% per year while overall federal spending on information technology remains flat.
Deltek’s new GovWin IQ report, Federal Information Security Market, 2015-2020, forecasts the federal demand for vendor-furnished information security products and services will increase from $8.6 billion in FY 2015 to $11.0 billion in 2020.
As agencies struggle to stay ahead of the cybersecurity threats, more and more of their IT spend is being devoted to cybersecurity, reaching over 10% of IT spend by 2020.
Federal efforts to improve agency cybersecurity at all levels amid capability gaps and budget, personnel, and regulatory constraints will drive targeted spending increases. As agencies continue to retool IT environments with cloud, mobility, and infrastructure solutions, strategies for addressing information security gaps with advanced processes, services, skillsets, and tools will drive investment strategies.
Keep reading this article at: http://www.businesswire.com/news/home/20151201005246/en/Federal-Spending-Information-Security-Reach-11-Billion
Governmentwide spending on defense and civilian contracting risks being pinched over the next five years by growing mandatory spending on entitlements, according to industry research being unveiled last week at a conference convened by the Professional Services Council.
Though the overall federal budget will rise from current $3.9 trillion to $6.2 trillion in 2025, the defense portion is projected to fall from 15 percent to 11 percent of that total, while discretionary spending shrinks from 30 percent to 20 percent, according to the group’s first annual Vision Federal Market Forecast, a synthesis of the thinking of some 300 contracting specialists from industry, agencies, think tanks and Congress.
“Interest payments on the debt alone will double by the mid-2020’s,” said Stan Soloway, the council’s retiring president and CEO, in a preview conference call with reporters. This and entitlement accounts such as the Social Security Disability Insurance Trust Fund will have a huge financial impact, which often gets glossed over, and is “untenable and unsustainable,” he said.
Keep reading this article at: http://www.govexec.com/contracting/2015/11/contractors-predict-tightening-federal-opportunities-next-5-years/123799
If the federal government closes its doors on Oct. 1, it won’t be like past shutdowns for one big reason: contractors.
“The 2013 shutdown was different than every other shutdown that had come before it,” said John Cooney, a former counsel for the Office of Management and Budget and current partner at Venable LLP. “Many more government services are delivered through contracts, they’ve been outsourced. There are just that many more functions that are delivered externally and that complicates everything.”
And as the threat of a shutdown looms large on Oct. 1, many in Washington are harkening back to their 2013 recollections of the last government closure.
For more information, visit PSC’s shutdown resource page.
For more information on managing during a government shutdown, see: http://gtpac.org/2013/10/02/how-to-manage-a-federal-contract-during-the-government-shutdown/
Federal civilian agencies will face nearly $2 billion in spending reductions if Congress doesn’t rollback sequestration cuts for fiscal 2016 or set spending levels under Budget Control Act caps, according to an Aug. 20 Office of Management and Budget report.
Sequestration was canceled for the last two fiscal years because of a bipartisan budget deal that was struck in Dec. 2013, but the cuts are scheduled to go back into effect in fiscal 2016 unless Congress cancels them again.
As of July 15, there were 55 shopping days left in fiscal 2015, Bill Gormley, president of the Gormley Group, reminded the audience at BGOV’s July 15 Next/Edge event, The Race to the Finish. The Coalition for Government Procurement cosponsored the session.
The fourth quarter is the busiest season of the year for federal contractors. Here are four ways companies can prepare to maximize business in the fourth quarter, gleaned from the event.
- Identify Your Closing Strategy
- Look for Set-Aside and Sole-Source Work
- Have a ‘Black Friday’ Plan
- Dot Your I’s and Cross Your T’s
Keep reading this article at: http://about.bgov.com/nextedge/four-ways-to-prep-for-fourth-quarter-contracting/
The White House plans to prioritize emerging technology and big data in the fiscal year 2017 budget, according to a memorandum published last week.
When submitting budget requests to the Office of Management and Budget, federal agencies should “prioritize investments in enabling technologies that benefit multiple sectors of the economy, such as nanotechnology, robotics, the Materials Genome Initiative, and cyber-physical systems and their application to smart cities,” the memo said.
General topics mentioned in the memo include “advanced manufacturing and industries of the future,” and “information technology and high-performance computing,” in addition to other science-related subjects such as climate change.
Keep reading this article at: http://www.nextgov.com/cio-briefing/2015/07/white-house-memo-fy-2017-budget-prioritize-big-data-emerging-tech/118075